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Business News Summary Headlines

Company releases, economic news, and business coverage.

Failure on health bill also hurts prospects for tax overhaul

WASHINGTON - House Republicans' failure to repeal Barack Obama's health care law deals a serious blow to another big part of President Donald Trump's agenda: tax reform.

Trump and House Speaker Paul Ryan, R-Wis., say they will soon turn their attention to the first major re-write of the tax code in more than 30 years. But they will have to do it without the momentum of victory on health care.

Saturday, March 25, 2017 | 12:51 PM

Tens of thousands in London protest Britain's EU departure

LONDON - Tens of thousands protested Saturday under sunny skies in London against plans for Britain to withdraw from the European Union.

The Unite for Europe march, which saw many people carrying bright blue EU flags, came just days before Britain is expected to begin its formal separation from the other 27 nations in the EU.

Saturday, March 25, 2017 | 12:50 PM

Colorado weighs strategy for guarding against pot crackdown

DENVER - Colorado is considering an unusual strategy to protect its nascent marijuana industry from a potential federal crackdown, even at the expense of hundreds of millions of dollars in tax collections.

A bill pending in the Legislature would allow pot growers and retailers to reclassify their recreational pot as medical pot if a change in federal law or enforcement occurs.

Saturday, March 25, 2017 | 10:14 AM

B.C. reports 64 pipeline benefit deals with 29 northern First Nations

VICTORIA - The British Columbia government says it has completed benefit agreements with 90 per cent of the eligible First Nations along four proposed natural gas pipeline routes across northern B.C.

The Ministry of Aboriginal Relations says 64 natural gas pipeline benefits contracts have been signed with 29 First Nations and that most include financial payments worth over $1 million, although the ministry says only $13 million has been paid out so far.

Friday, March 24, 2017 | 06:11 PM

Investment community still skeptical over prospects for Keystone XL

CALGARY - The presidential permit for Keystone XL did little to assuage concerns Friday from the investment community that the project, which has stoked controversy since its inception nearly a decade ago, still faces a litany of challenges.

Beyond the political and corporate bravado that greeted the White House's blessing, analysts took a more cautious view over whether TransCanada's pipeline would ever get built.

Friday, March 24, 2017 | 05:39 PM

Slow and steady only way to go on infrastructure funding, Morneau says

OTTAWA - The finance minister would like to see billions in new federal infrastructure money flow faster to provinces and cities, but Bill Morneau says that moving too fast would risk wasting money.

The federal Liberals have come under heavy criticism from the parliamentary budget watchdog for the pace of infrastructure spending that the government sees as a pillar of its strategy to spur economic growth and help pay for deep deficits.

Friday, March 24, 2017 | 05:08 PM

Liberal MP's allegedly sexist comment under review, prime minister says

OTTAWA - Prime Minister Justin Trudeau says a "process is now properly underway" to look into a Liberal MP's allegedly sexist comment to a Conservative MP.

The Conservatives have been pressuring Trudeau to take action against Liberal MP Nicola Di Iorio, who is accused of making a stripper-related joke about Conservative MP Dianne Watts while they were both at a closed-door committee meeting earlier this month.

Friday, March 24, 2017 | 05:02 PM

Toronto stock index extends recent rally, Wall Street mixed after 'Trumpcare' pulled

TORONTO - Canada's main stock index extended its rally for a third consecutive day on Friday after beginning the week at its lowest level this year, as Wall Street idled on the latest "Trumpcare" news.

The Toronto Stock Exchange's S&P/TSX composite index inched forward 9.06 points to 15,442.67, with consumer discretionary and utilities sectors leading advancers.

Friday, March 24, 2017 | 04:58 PM

Trump announces at White House: I've approved the Keystone XL pipeline

WASHINGTON - Canada's hotly debated, long-delayed Keystone XL pipeline received its elusive U.S. presidential permit from Donald Trump on Friday, eight years and six months after the initial application for it to cross the American border.

The president made the announcement at the White House.

Friday, March 24, 2017 | 04:52 PM

Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,442.67, up 9.06 points):

Friday, March 24, 2017 | 04:36 PM